Annual Report and Consolidated Account
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6. INFORMATION PER SEGMENT
In 2014, the Administration of IBERSOL began to monitor the business based on following segmentation:
Segment
Brands
Restaurants
Pizza Hut, Pasta Caffe, Flor d’Oliveira, Pizza Movil
Counters
KFC, O’Kilo, Miit, Burguer King, Pans/Bocatta, Coffee Counter
Other business
Sol (AS), Concessões, Catering, Convenience stores
Until 2013, the Administration managed the business according to geographic segmentation:
- Portugal
- Spain
- Angola (included in segment Portugal, due to the small size of its operations)
As a result, the segment information for the period ended December 31, 2013 is restated.
The results per segment for the year ended December 31, 2014 and 2013 were as follows:
31 December 2014
Restaurants Counters
Concessions
and Catering
Other,
write off and
adjustments
Total
Group
Total sales and services
66.951.519 97.323.530 22.809.607 382.239
187.466.894
Operating cash-flow (EBITDA)
7.002.300 15.296.893 3.418.524 -330.792
25.386.924
Amortisation, depreciation and
impairment losses
3.773.884
4.838.952
5.545.306
293.705
14.451.847
Operating income (EBIT)
3.228.416 10.457.940 -2.126.782 -624.497
10.935.077
31 December 2013
Restaurants Counters
Concessions
and Catering
Other,
write off and
adjustments
Total
Group
Total sales and services
66.161.399 84.697.912 20.274.173 1.325.836
172.459.320
Operating cash-flow (EBITDA)
5.811.512 11.670.597 1.144.982 -194.997
18.432.095
Amortisation, depreciation and
impairment losses
4.438.608
4.561.460
2.724.765
271.697
11.996.529
Operating income (EBIT)
1.372.904 7.109.137 -1.579.783 -466.694
6.435.566
